VIC has seen average median house prices change by 4.75% which means that Bell Park, 3215 has done well for property investors by showing a capital gain of 12.19% over the last year

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Bell Park has increased when compared to the 5 year average annual rate.

Property buyers and investors in Bell Park 3215 should be seeing an average reduction in asking price of around -5.27% . This means that Bell Park is holding prices well when compared to other suburbs in VIC.

Situated 63.95km from the CBD, Bell Park is one of Greater Geelong (C) localities in the postcode 3215.

With a capital gain of 13.38% for the last 12 months, Bell Park, 3215 has performed for property investments than its average annual 5.28% property growth over the last 5 years.

Over the longer term, Bell Park has seen property prices show investors a 32.25% return over the last 3 years. This is worse than over the last 12 months

Property buyers and investors in Bell Park 3215 should be seeing an average reduction in asking price of around -3.94% . This means that Bell Park is holding prices well when compared to other suburbs in VIC.

Residents and property investors in Bell Park have been waiting around 61 days to sell a property.

Bell Park, 3215’s gross rental yield is 4.45%

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Bell Park is 5km north of the Geelong CBD, and 60km west of the centre of Melbourne. It is situated within easy reach of the Geelong Ring Road which leads directly onto the Princes Freeway, and is just a few streets away from Norlane and North Geelong rail stations.Full summary

Bell Park is 5km north of the Geelong CBD, and 60km west of the centre of Melbourne. It is situated within easy reach of the Geelong Ring Road which leads directly onto the Princes Freeway, and is just a few streets away from Norlane and North Geelong rail stations.

It is within easy reach of a wide range of amenities, with three shopping strips in the suburb, and there are numerous schools in the area. It is also within easy reach of the beach.

Bell Park compares well to neighbouring suburbs: its median price is $5,000 less than neighbouring Bell Post Hill, and $10,000 more affordable than North Geelong. Average weekly incomes are marginally below the Victorian median, with a large proportion of families; residents have a wide range of occupations.

Like other northern Geelong suburbs, capital growth prospects are good due to Melbourne commuters choosing it as an affordable option compared to the state capital.